Ruby Tuesday promotes value to stem losses

January 5, 2017

Ruby Tuesday Inc., which has closed 109 restaurants in the past year, is promoting it’s the brand’s menu affordability and value as it works to stem declining same-store sales, the company said Thursday.

The Maryville, Tenn.-based casual-dining brand said same-store sales in the second quarter ended Nov. 29 were down 4.1 percent, compared to a 0.8 percent increase in the prior-year period.

“While the results of our fiscal second quarter were disappointing,” said Lane Cardwell, Ruby Tuesday interim CEO and president, in a statement, “I am excited about the strategic changes and the new product rollouts that began with the